Cape Town, 5 February 2013 – Mining code changes proposed by a number of African countries will deter further investment there, Randgold Resources chief executive Mark Bristow cautioned today. Mark Bristow speaking at DRC Breakfast at Mining Indaba 2013 (MNM Picture)
State-controlled investor ZCCM wants the companies in which it has shareholdings to alter their dividend policies to improve transparency and increase payouts. Zambian subsidiaries of Vedanta Resources Plc and Glencore International Plc are among companies that should pay higher dividends to minority shareholder ZCCM Investment Holdings Plc, the state-controlled investor said.
Robert Friedland is considering a secondary listing for Ivanplats in Johannesburg, a change from an earlier plan to head to London. Mining entrepreneur Robert Friedland is considering a secondary listing for his African-focused miner, Ivanplats, in Johannesburg, a change from an earlier plan to head to London.
According to people familiar with his thinking, Ivan Glasenberg may consider a long-speculated takeover of Anglo American after he takes over Xstrata. What will Ivan do next? That’s the question likely to percolate amid seaside cocktails in Cape Town this week as mining executives gather for a four-day industry confab of speeches and discreet meetings.